In the midst of last week’s mixed job’s report and the upcoming Federal Open Market Committee meeting next week, mortgage rates remained largely unchanged for the week ending September 10, 2015.
Read More »New Home Purchase Applications Decline in August
Mortgage applications for new home purchases fell in August, as the homebuying season comes to a close, according to Builder Application Survey data for August 2015 from the Mortgage Bankers Association released Thursday.
Read More »Fannie Mae & Freddie Mac to Recapitalize under Newly Drafted Legislation
As Fannie Mae and Freddie Mac celebrate their seven-year anniversary of conservatorship, new legislation is being drafted in the U.S. House that will allow them to establish more capital and prevent another taxpayer-sponsored bailout.
Read More »Homeowners Unsure of Housing Market’s Future
Although many homeowners feel confident in the current state of the market, they are a bit more uncertain about the future, Zillow’s Housing Confidence Index.
Read More »Despite Bank’s Record Earnings in Q2, Challenges Persist for Q3 & Beyond
After reaching record earnings in the second quarter of 2015, the U.S. banking industry can expect global economic factors, recent stock market volatility, and interest rates to be deciding factors in the upcoming third quarter report and beyond.
Read More »Senior Housing Demand Soars, But so do Chances of Oversupply
As the baby boomer generation edges closer to retirement age, housing demand for seniors is expected to increase, but could too much of a good thing mean oversupply?
Read More »Ginnie Mae Updates Issuer Business Status Requirements
Ginnie Mae has released an update to its issuer business status requirements that will help issuers that are going through ownership and organizational changes.
Read More »Homebuyers Offered More Financial Options From Stock Market Volatility
The recent stock market fluctuations and seasonal trend changes may have homebuyers perplexed, but there is a silver lining, according to Realtor.com's First Look report for August 2015.
Read More »Homeowner & Appraiser Perception Gap Widens Further in August
Homeowners continued to overvalue their homes for the seventh consecutive month in August when compared with appraiser opinions. Quicken Loans reported in their Home Price Perception Index that homeowner estimates were 2.65 percent higher than appraiser opinions, the largest gap in over a year.
Read More »Housing Sentiment Lowered Among Consumer Economic Concerns
Consumer attitudes toward the real estate market slid down in August due to economic concerns, Fannie Mae reported in their newly launched Home Purchase Sentiment Index (HPSI). In August 2015, the HPSI fell 0.5 points from July to 80.8, Fannie Mae said. The sentiment level is also down from the peak reached in June 2015 of 84.7 and the index is up 5.3 points from August 2014.
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